Swedish property developer Skanska on Wednesday laid the cornerstone of a €32.5 million office building near the capital's busy Váci Street.
The building, with 17,800 sqm of leasable space, is scheduled to be completed in the second half of 2012, said Skanska Property Hungary managing director Andreas Lindelof.
No leases have been signed yet, but the space is likely to fill up by the end of the year judging from interest among multinationals, he added.
The building has been awarded LEED Platinum certification, the highest level of the international LEED environmental rating system.
The building was designed by Sweden's White Arkitekter and Dpi Design of Hungary. The general contractor is Hungary's Narva.
Skanksa has developed more than 100,000 sqm of office space and 15,000 sqm of commercial space in Hungary in its 24 years in the country, said Skanksa vice president Claes Larsson.